Ciriello says the firm spun out of TD Capital Ventures; Toronto Dominion Bank is an LP in the new fund. Fair Haven will focus on consumer tech, enterprise tech, security, and materials. (Cocona is developing a new fabric derived in part from coconuts.) "We do have a bias toward eastern North American," he says.

.406 VenturesBoston, MAPartners: Maria Cirino, Co-Founder and Managing Director (formerly of Guardent/Verisign); Larry Begley, Co-Founder and Managing Director; Liam Donohue, Co-Founder and Managing DirectorSize: $125 million (could grow as large as $150 million)Investments so far: Veracode, RatePoint, MementoSweet spot for A rounds: A few hundred thousand to $3 million

Cirino says, "We're very clued in to the fact that savvy entrepreneurs don't want $10 million bucks jammed down their throat when all they need is a couple. Take all the money you want? That idea is dead. Savvy entrepreneurs want to preserve their equity, and the way to do that is take as much money as you should, but as little as you can." Firm will focus on IT security and tech-driven services. "Part of what we look to do is avoid spaces that have been overheated by a lot of venture investment," she says.

Point Judith CapitalProvidence, RIPartners: Gina Raimondo, General Partner; David Martirano, General Partner; Sean Marsh, General Partner; David Mixer, Founding Partner; Michael Doyle, Venture Partner; Brad Waugh, Venture Partner; Jeff Weiss, Venture PartnerSize: $73 million (this is the firm's second fund; all others on this list are on their first)Investments so far: Novare Surgical, Envista Corp., Music NationSweet spot for A rounds: $500,000 to $3 million

Formerly an affiliate of Village Ventures. From the site, "We focus our investment activity in communications, information, Internet, and healthcare technologies." First three investments are in Silicon Valley, Beverly, MA, and New York.

DACE VenturesWaltham, MAPartners: David Andonian, Managing Partner; Jon Chait, Partner; Doug Chertok, Venture Partner (Chertok is based in New York)Size: Slightly over $70 millionInvestments so far: Panraven, Cityvoter, AuctionPal, LocaModaSweet spot for A rounds: $1 million to $3 million

"We're looking for capital-efficient, early-stage Web businesses," Andonian says. "There are not many firms filling the capital gap, as VC firms have gotten bigger and bigger." Andonian says the focus at DACE is businesses built either on the Web or on mobile platforms.

Tango wouldn't talk to me, but this is from their site: "To deploy the vast amounts of capital the venture industry has raised, many firms are pursuing new strategies, models, countries and later-stage investments. Many are becoming venture bankers. KP has a back-to-basics approach focused on pre-seed, seed and Series A companies. We call this 'venture building,' and it is what created the venture industry in the first place." Is he hoping that people will associate his KP with that other KP on the West Coast?

1 Comments:

Anonymous said...

Fair Haven is actually one word BTW. Also the firm is akin to Globespan spinning out of JAFCO a few years ago. Fairhaven from the prior fund has already had a # of good exits including Third Screen Media (acq. by AOL), Softricity (acq. by MSFT) and iPhrase (acq. by IBM).

I think you'll see some great things out of this team based on performance.

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